Listing # mq0225031

CONTACT INFO:  
Contact Info: www.QuarriesForSale.com
Phone:
Quarry For Sale:

Limestone Quarry For Sale in Central Texas

THIS COMPANY HAS BEEN SOLD

Location: --
Near What Metro Area: Outside of Austin, Texas
Other Location Description: --

Description of Company
This is a limestone quarry which produces a variety of stone products used for building and landscaping purposes. These builder's stone products are offered in chopped, cut and flag stone in varying sizes to specialty cut stone including smooth-patio, mantels, windowsills, lintels and other specialty cuts. Colors offered include pure white, cream, brown, and blue/gray.

The company's attention to quality differentiates their stone from their competitors'. Quality is the primary emphasis established through their standards of using precise high-quality quarry and diamond cutting saws and hand loading the stone on trucks or pallets to prevent excess breakage. This means never "scooping" the loads (picking up like gravel with a front-end loader), which is a much cheaper and easier method of loading but greatly reduces both quality and percentage of usable product. Both of these items, which exemplify their commitment to quality, minimizes waste and makes the stone easier to install. Customers learn that stone purchased from this company covers more square footage per ton than stone purchased from other quarries. Greater utilization of the product and better quality justifies the customers willingness to pay a premium for this product. This greater utilization of product also helps extend the life of the quarry.

This company also prides itself in repeat business based upon outstanding customer service. They thrive on orders which require specialty cuts. While they do maintain an inventory of standard stone available for immediate sale, the bulk of their work is custom cut to fit each individual order. Customers who have dealt with other quarries are impressed with the ease at which they are able to order and obtain these specialty orders. Many quarries are so interested in "pushing product" that they lose sight of the fact that most building projects require a variety of specialty cuts. This company's superior product quality, attention to detail, and exceptional customer service is what differentiates them from their competition.

Stone masons account for approximately 85% of the customer orders, while the other 15% go to building contractors. Orders are either delivered by the company's four delivery trucks anywhere in the state of Texas, or picked up on-site by the customer. Stone has been purchased by customers from across the United States with orders as far away as Mississippi, California, and Idaho, to name a few.

The owner intends to expand the company's capabilities by providing additional custom features. These ideas are being implemented and may be discussed during a confidential meeting.

Description of Staff
The company employs 20 personnel, consisting of 15 production, 2 drivers, 1 mechanic, an office manager and the owner.

Year Established
1996

FINANCIAL INFO:  
Asking Price:

$2,500,000 FIRM (price includes real estate)
THIS COMPANY HAS BEEN SOLD

Annual Revenue: $1,500,000
Cash Flow: $700,000+
 
Owner Financing?

THIS COMPANY HAS BEEN SOLD
 

Real Estate Included

Yes
THIS COMPANY HAS BEEN SOLD

ASSETS:
Inventory N/A
Furniture, Fixtures, & Equipment $1,137,000
Vehicles Included in FF&E

Real Estate Value

$395,000

Accounts Receivable

$125,000

Accounts Payable $40,000

Describe Facilities:
The company's quarry extends over 62 acres located outside of Austin, Texas. The quarry is underlain primarily by the Georgetown Formation while the lower portion of the property is underlain by the Edwards Limestone. Based upon an assessment of stone resources and production dated December 1999, the remaining production life of the quarry at that time was estimated to be approximately 22.8 years. The tonnage output has not changed significantly since the assessment.

The facility maintains an office, mechanic shop, and two buildings housing separate diamond cutting saws.

Square Footage: N/A

Reason for Selling:
Convert equity to cash and also the owner is interested in spending more time with his family and not be tied down to the daily activities inherent with ownership.

Time sellers are willing to remain after the sale:
Long enough to ensure a smooth transition


CONFIDENTIALITY
For reasons of confidentiality, other than the information located on this page, further information about this company will be provided only after the Confidentiality Agreement has been completed, signed, dated, and faxed to us.

 

 
Sellers | Buyers | Register as a Buyer | Brokerage Services
About Us | Contact Us | Home Page
Quarries For Sale .com. All Rights Reserved.
Read the important Legal Statements.